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Northrop Grumman (NYSE: NOC) has secured a $105.7 million contract modification from the U.S. Army to build and maintain XM813 Bushmaster chain guns for the U.S. Army’s Stryker infantry carrier vehicle weapons modernization program. The Army is procuring the new configuration of 30×173 mm caliber cannons, a derivative of Northrop’s ...
Veritas Capital has closed its purchase of Perspecta and will integrate the latter with its portfolio company Peraton to create a combined entity focused on delivering enterprise information technology and mission capability integration support to federal, state and local government agencies. Stu Shea, chairman, president and CEO at Peraton and a 20...
Tom Afferton, president of the cyber mission sector at Peraton, will provide a keynote speaker introduction at GovCon Wire’s Defense Cybersecurity Forum on May 12. He will introduce Morgan Adamski, chief of the National Security Agency’s Cybersecurity Collaboration Center, during the virtual event. Afferton joined Peraton, a portfolio compan...
Northrop Grumman (NYSE: NOC) reported $9.5 billion in sales for the first quarter of its 2021 fiscal year, up 6 percent from the prior year period, and attributed the increase to results from its space, aeronautics and mission systems segments. The Falls Church, Virginia-based company said Thursday net bookings for the quarter totaled approximately&...
Stu Shea — chairman, president and CEO at Peraton and a 2021 Wash100 winner — has offered a glimpse into the nine business sectors that will arise out of the Peraton-Perspecta (NYSE: PRSP) merger slated to close in a few weeks. Shea said Thursday in a regulatory filing the businesses set to be formed by...
The U.S. Space Force has selected Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) to design, develop and launch payloads meant to secure military satellite communications as part of the new phase of the Protected Tactical Satcom program, SpaceNews reported Thursday. The service expects the Northrop and Boeing payloads to launch in 2024 aboard a...
With a month left in the Wash100 voting season, more than 8,600 votes have been cast thus far to determine who the government contracting (GovCon) community believes will become the most significant executive of consequence to the federal sector for the rest of 2021 and in the years to come. The Wash100 Award is presented...
The Missile Defense Agency has awarded $1.6 billion in contracts through fiscal year 2022 to Northrop Grumman (NYSE: NOC) and Lockheed Martin (NYSE: LMT) to conduct technology development and risk reduction work on the Next Generation Interceptor program. MDA received three proposals for the contracts and is obligating $291.9 million in research and...
Peraton has integrated and launched Remotec as its subsidiary focused on providing mobile robotic systems for hazardous operations. John Coleman, president of global defense and security sector at Peraton, said in a statement published Thursday Peraton Remotec‘s performance in unmanned ground vehicles complements the government technolog...
Executive Mosaic, the leading provider in connecting, promoting and branding government and government contracting (GovCon) executives, is honored to announce that Ramzi Musallam, managing partner and CEO of Veritas Capital, has received a 2021 Wash100 Award for leading a large number of multi-billion dollar acquisitions to drive exponential growth ...
